Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
While there is a degree of differentiation among general merchandise retailers like Target and Kmart, weekly newspaper circulars announcing sales provide evidence that these firms engage in price competition. This suggests that Target and Kmart simultaneously choose to announce one of two prices for a given product: a regular price or a sale price. Suppose that when one firm announces the sale price and the other announces the regular price for a particular product, the firm announcing the sale price attracts 50 million extra customers to earn a profit of $5 billion, compared to the $3 billion earned by the firm announcing the regular price. When both firms announce the sale price, the two firms split the market equally (each getting an extra 25 million customers) to earn profits of $1 billion each. When both firms announce the regular price, each company attracts only its 50 million loyal customers and the firms each earn $3 billion in profits. If you were in charge of pricing at one of these firms, would you have a clear-cut pricing strategy? If so, explain why. If not, explain why not and propose a mechanism that might solve your dilemma. (Hint: Unlike Wal-Mart, neither of these two firms guarantees "Everyday low prices.")
for the nation as a whole the expansion of production of one product must involve a decrease in the availability of the other.
If Joe's income is $5,040 a month, and the price of goods X1 and X2 are $45 and $5 respectively, derive the following: A) The quantity of X1 and X2 that maximize Joe's utility B) The maximum level of utility Joe receives.
Explain how do governments borrow funds to finance deficit spending. What is likely to happen to interest rates in the market.
In a certain year the aggregate value demanded at the existing price level consists of $100 billion of use, $40 billion of investment, $10 billion of net exports, and $20 billion of government buy.
Assume that initially the goods and services market is in equilibrium at the potential
Examine whether the raise would have a huge impact on hours worked. you have the resultsof studies conducted for three other companies.
Is innovation increasing or decreasing. Is the productivity of workers increasing or decreasing. Ellucidate what rewards exist for a company to be first with an innovation.
Clarify the factors that led to the change in supply or demand within the article and describe what occurred to change the demand.
As a budding entrepreneur, you have purchased a small bagel shop. You have engaged in a market study to categorize your customers' willingness to pay for a meal (coffee+bagel) into 8 equal sized groups: ($5.00, $4.50, $4.00, $3.50, $3.00, $2.50, ..
Imagine one of worst case scenarios realizes in October 2012, in which Greece does not belong to the eurozone any more, so Greece goes back to use of its own currency, Greek drachma.
Find the equilibrium price and quantity algebraically and check that your solution is consistent with your sketch. c) If the government imposes a fixed tax of £8 on each unit of a good, show how the supply curve is affected both algebraically and..
Determine whether each of the following would be included in 2002 United State gross domestic product,
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd